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Just found out the property I mam buying is sold with limited title guarantee
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OK, when I said above 'the solicitor checks again', what they will do is something called an "Official search with priority' at the Land Registry, as user1977 says.
This does 2 things:
- if a charge is in the process of being registered but not yet completed, it will tell your solicitor who is trying to register a charge.- if there are no charges in the process of being registered, the 'official search with priority' effectively 'locks' the register from anyone else trying to register anything against the title. (that's the 'with priority' part). This lasts 30 days, and your solicitor will keep renewing it until the new register showing you as the owner is issued.
I understand it's stressful, but the system is designed to protect against exactly what you're concerned about.Good that you've run it by your solicitor for the earlier part and feel better about it. Sure they'd be happy to talk through official searches with priority too to put your mind at rest. You're paying your solicitor to protect your interests, and sounds like they're doing a good job so far with the indemnities etc.
Best of luck with it!1 -
It is probably less likely that a loan would be taken out on a probate property than one sold by "me"
Lets assume I am selling my house that has a mortgage, and I am desparate for money to go on a world cruise, I could take out a secured loan on my house part way into the selling process.A probate house is less likely to have a loan taken out against it. Personally I would rather buy a probate property, but that is personal preference.
If you are really worried you can register a property alert with the land registry, but at exchange your solicitor will deal with everything, and as has been said above they will check again at completion time. I think the limited title guarantee sounds worrying when you first see it, but in reality it is not a problemCredit card debt - NIL
Home improvement secured loans 30,130/41,000 and 23,156/28,000 End 2027 and 2029
Mortgage 64,513/100,000 End Nov 2035
2022 all rolling into new mortgage + extra to finish house. 125,000 End 20360 -
I sold a property with LTG as an executor - asked the solicitor about this and was assured that that was what always happened for probate properties - she knew that there were no charges etc as the land registry had been checked etc2
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There are some real issues with probate properties. For example, executors will often refuse to answer all the standard questions raised. But, there are advantages. For example, the executors are normally fairly committed to sell, and there’s no onward chain.No reliance should be placed on the above! Absolutely none, do you hear?1
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I'm surprised so many people find probate sales to be odd or unfamiliar, considering on average you'll expect to buy more houses than you sell.There is no honour to be had in not knowing a thing that can be known - Danny Baker4
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absolutely - we have never been put off by probate sales. Can be difficult selling though - you want to be helpful / answer all the questions / admit that you suspect mother got some chap to do the windows for cash and no FENSA cert etc etc but you can only answer what you genuinely know and often won't know everything about the propertyzagubov said:I'm surprised so many people find probate sales to be odd or unfamiliar, considering on average you'll expect to buy more houses than you sell.
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As a follow on to this query, we bought a probate property with LTG. If we sold our house now, would it still be a LTG sale?
Make £2025 in 2025
Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
Total £915.94/£2025 45.2%
Make £2024 in 2024
Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0 -
No. The property will be full title guarantee because you're the current owner, not an executor, and will be able to answer the enquiries.Slinky said:As a follow on to this query, we bought a probate property with LTG. If we sold our house now, would it still be a LTG sale?2 -
Tiglet2 said:
No. The property will be full title guarantee because you're the current owner, not an executor, and will be able to answer the enquiries.Slinky said:As a follow on to this query, we bought a probate property with LTG. If we sold our house now, would it still be a LTG sale?Assuming I'm not pushing up the daisies of course.........Our vendors could have answered a lot more of the questions given they had both lived in the house their parents owned for 40 years. But one was a solicitor...........Make £2025 in 2025
Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
Total £915.94/£2025 45.2%
Make £2024 in 2024
Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0 -
I'm curious, now. Why does anybody *HAVE* to sell with full title guarantee?Tiglet2 said:
No. The property will be full title guarantee because you're the current owner, not an executor, and will be able to answer the enquiries.Slinky said:As a follow on to this query, we bought a probate property with LTG. If we sold our house now, would it still be a LTG sale?
No reliance should be placed on the above! Absolutely none, do you hear?0
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